Bharati Shipyard Ltd on January 10, 2008 has announced its plan to construct a Green Field modern shipyard at Usgaon near the Dabhol port in Ratnagiri district.
The yard would have the capacity to build vessels upto 100,000 DWT and will be fully operational in the next two years.
Mr. P C Kapoor, Managing Director of the Company said: "We are very proud to announce the Green Field Shipyard at Dabhol. The yard will be spread over an area of more than 250 acres. We have already acquired more than 180 acres of land. We are in the process of acquiring balance land."
The yard is situated inside a creek away from the main sea, which makes it suitable for ship building in all weather conditions. The yard has many other locational advantages including very good water depth, adequate waterfront, scope for further expansion, etc. The civil work and the capex including installation of machineries at the yard has already commenced.
Majority of the machineries and equipments including the Floating Dock of Swan Hunter Shipyard will be set up at Dabhol. The machinery and equipment of Swan Hunter would be optimally utilized at Dabhol and would provide very good synergies, as they are capable of building vessels upto 250,000 DWT.
With the increased shipbuilding capacity, the new shipyard would also help boost allied industries, which are also on a higher growth phase and create job opportunities for more than 3000 people.
January 10, 2008
Bharati Shipyard to build Green Field Shipyard in Dabhol, Maharashtra
October 16, 2007
Bharati Shipyard and Apeejay Shipping form JV
Bharati Shipyard Ltd has informed that the Company and Apeejay Shipping Ltd, one of the largest private ship owners on October 15, 2007 announced that they have sign a 50:50 Joint Venture Agreement for setting up a large modern ship building yard along the Eastern Coast of the country. The Company and Apeejay Shipping Ltd are in the process of jointly finalizing the site and shall announce the location in the coming weeks.
The proposed Joint Venture which is the first if its kind in India to bring synergy between a reputed ship builders and a leading shipping Company, is excepted to commence operation by 2009.
The Company and Apeejay would jointly invest in the state of the Art Technology and modern ship building and ship repair facilities and would have the capacity to build and repair vessels of all sizes up to VLCC.
Mr. V Kumar, Managing Directors of the Company said, "I am extremely proud to announce our association with Apeejay shipping as our complementary skill sets bring immense value to the JV. We except growing demand and our new shipyard along the East Coast is expected to partly fulfill this requirements. Our new shipyard shall provide long term substantially to build technologically superior ships of high tonnage and also enter to the ship repairing business of existing shipping Companies internationally."
October 11, 2007
Bharati Shipyard bags order from SCI
Bharati Shipyard Ltd has informed that the Shipping Corporation of India Ltd board has accorded approval for acquisition of four nos. Anchor Handling Tugs cum Supply Vessels from Bharati Shipyard Ltd. The total price of each vessel is US$ 22.32 million totaling to US$ 89.28 million (approx. Rs 351 crores). The contract signing ceremony will be held on October 15, 2007.
These vessels are the first of its kind being built by Shipping Corporation of India Ltd. in India using such advance Design. These vessels will be constructed by using Havyard Design which will be used for the first time for such vessels built in India. The design allows for achieving high bollard pull and fuel efficiency as against equivalent designs. Further, the design allows higher DWT and higher cargo carrying capacity compared to other 80 tons AHTSVs with similar dimensions.
